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LightPath Secures $2M Line of Credit

Photonics.com
Oct 2013
ORLANDO, Fla., Oct. 10, 2013 — Optical components maker LightPath Technologies Inc. has secured a $2 million line of credit, half of which it will use to purchase equipment, the company said recently.

The remaining $1 million of the credit, financed through Avidbank Corporate Finance of Palo Alto, Calif., will be used for working capital.

"The ability to establish this type of credit facility signals the progress LightPath has made and the sustainability of our growing business," said LightPath President and CEO Jim Gaynor, adding that it "will provide us flexibility to meet any potential liquidity issues as we grow our business."

LightPath provides optics and photonics products for the industrial, defense, telecommunications, test and measurement, and medical industries.

For more information, visit: www.lightpath.com 



GLOSSARY
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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